BUSINESS

Investors sell on fears for bailout vote

The Greek bourse witnessed a certain degree of panic selling on Thursday due to increasing problems within the government coalition. It appears that investors are not just worried about the successful recapitalization of the country?s banks but also about the very question of whether the austerity package will survive next week?s parliamentary vote.

The Athens Exchange (ATHEX) general index ended at 761.24 points, shedding 5 percent from Wednesday?s closing figure of 801.32. The blue chip FTSE/ATHEX 20 index declined by 6.48 percent to close at 274.33 points.

The banks sectoral index saw all its 2012 gains wiped out on Thursday, with Piraeus giving up 16.11 percent, Bank of Cyprus 13.19 percent and National 11.73 percent. Coca-Cola HBC added 0.24 percent.

In total, 23 stocks registered gains, 111 posted losses and 16 stayed put.

Turnover came to 106.4 million euros, against Wednesday?s 80 million.

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